India Steel Works standalone net profit rises 77.63% in the March 2017 quarter

Sales rise 27.73% to Rs 231.72 crore

Net profit of India Steel Works rose 77.63% to Rs 4.05 crore in the quarter ended March 2017 as against Rs 2.28 crore during the previous quarter ended March 2016. Sales rose 27.73% to Rs 231.72 crore in the quarter ended March 2017 as against Rs 181.41 crore during the previous quarter ended March 2016.

For the full year,net profit rose 98.27% to Rs 8.01 crore in the year ended March 2017 as against Rs 4.04 crore during the previous year ended March 2016. Sales rose 63.90% to Rs 1038.46 crore in the year ended March 2017 as against Rs 633.60 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales231.72181.41 28 1038.46633.60 64 OPM %3.763.96 -3.284.74 - PBDT7.014.97 41 24.5720.18 22 PBT2.250.50 350 6.212.26 175 NP4.052.28 78 8.014.04 98

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